Monday, May 28, 2012


  • Radiation from cell phones can possibly cause cancer, according to the World Health Organization. The agency now lists mobile phone use in the same "carcinogenic hazard" category as lead, engine exhaust and chloroform.

  • The U.S. consumer sentiment index rose to 79.3, the ninth straight increase, from 76.4 the prior month. 77.8 was expected

  • (FT) Unexpected rise in sentiment from France and Germany helps Eurofirst 300 to weekly gain of 1.5% but Spanish markets hit by Bankia share suspension.

  • Germany will not "pour money into a bottomless pit" and patience with Greece is growing thin ahead of a new election next month, according to a member of Angela Merkel's cabinet.

  • Spanish Bank Bankia will reportedly ask the state for more than €15bn to bail it out when its new management team presents a restructuring plan.
  • Barclays says Spain's housing collapse is only half way through. RE prices will have to fall another 20% to clear an overhang of one million excess properties.

  • Bluefin tuna that spans off the coast of Japan is found with levels of radioactive cesium 10 times higher than the amount measured in tuna off the California coast in previous years.

  • Standard & Poor estimates that companies in Europe, the US and Asia require a combination of refinancing and new money to fund growth over the next four years of between $43 trillion and $46 trillion.

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